Replies to post #3364 on China BioPharma Corp (fka CHBO)

[clearcoated]

They will need to raise cash soon. That is certain. You agree?

Last summer when they got r/s approved, management owned 6.2%... and they rounded up consent from 51.7%. For which they add "No consideration was paid for the consent." I really wonder how Monarch Capital Fund Ltd. made out from this deal as they were on record as owning 25% at that time???

http://www.sec.gov/Archives/edgar/data/1190132/000114420408043039/v121406_defr14c.htm

So what you're implying then is CHBO is once again making an “off market” deal to raise the funds they need to keep going.

Legitimately, all we need is real news of success...or real volume preceding that news. We don't want another off market deal that dumps on us.

[Alyssa]

I agree that it was terribly negative and quite whiny and full of excuses (almost laughable). The company is "flawed" here, there and everywhere, and they have "inexperienced" personnel and China could turn on them, and nothing good may ever happen. It will be interesting to see what kind of efforts they will make to "develop recognition for our stock."

Wang is supposedly a smart and successful guy. To me, it sounds like he either thinks this company is doomed forever or is deliberately trying to keep the share price down and/or wants existing shareholders to sell.